The stock market has returned to its winning ways, with the major indices seeing a big lift following a tame inflation report released last week. The continuation of the rally hinges on Nvidia Corp.’s (NASDAQ:NVDA) first-quarter results due on Wednesday. On Friday, a strategist weighed on how the AI frontrunner’s earnings report will impact the broader market.
What Happened: “It will be an obvious disappointment and a negative shock if Nvidia … misses expectation,” said Fund Strat’s Tom Lee in a CNBC interview. The expectations are lofty, he added.
“I would think investors are going to be nervous but ultimately it would be, I think, a prelude to a market broadening because investors who own a lot of Nvidia might want to look for other ...